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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Pink Minion who wrote (15140)	4/29/2001 6:27:52 AM
From: Dale Baker	Read Replies (1) \| Respond to of 30051

I agree that shorts don't control the market, but remember that only experienced shorts cover on weakness and sell into strength. All the rookies involved now only started shorting (and buying puts) when it was "safe" to make "easy money" once the Naz fell under 2000. All the buzz said Naz 1200-1500 was "inevitable". Oops..... Then the Naz bounced and hasn't cracked that barrier yet. A certain amount of panicked short covering from the newbies is spicing up the mix on the long side lately. Just my SWAG.

To: Pink Minion who wrote (15140)	4/29/2001 11:59:45 AM
From: Boplicity	Read Replies (1) \| Respond to of 30051

oh yea those shorts are just perfect traders the lot of them, in perfect harmony with the market, never get caught. I had enough with this subject, I repeat once more then I'm done, the market tone is/has changed, shorts covered longs bought into the weekend. G

To: Pink Minion who wrote (15140)	4/29/2001 1:42:33 PM
From: 5handicap	Read Replies (1) \| Respond to of 30051

ex-Dil I think Zeev is probably right in that the percentage of shares short compared to the overall market cap is quite small. (I think he quoted 3% if my memory is right). But so what if most of the long position is held in LTBH positions? It seems to me that the important point is, on any given day, how much of the trading is long buying, versus short selling? And lately (6 months) I think the shorts represent a lot more than 3%. Just my sense, I don't know how to show this is right or wrong..